Retirement

WASHINGTON, D.C. – APRIL 14: Attendees rally on the West Front of the U.S. Capitol building with … [+] Teamsters Union retirees who traveled from across the country to voice their opposition to deep cuts to their pension benefits on April 14, 2016, in Washington, D.C. Thousands are facing massive pension cuts because of a

null Getty Albert Einstein, iconic genius and one of the greatest minds of the last century, had one puzzle he found baffling: “The hardest thing in the world to understand is the income tax.”  If he found taxes enigmatic, it’s no surprise that the rest of us have difficulty following along. The end of the

Getty Traditional defined benefit (DB) plans make it easy for participants by specifying the monthly lifetime stream of income that retirees will receive. Unfortunately, as these pension-style programs become less-common, individuals increasingly rely on employer-sponsored defined contribution (DC) plans. This shifts the responsibility for making complex savings and investment decisions to workers and retirees. To

Getty How much do you need to save in order to retire? This is a very common question, and the answer sometimes gives people sticker shock. Fortunately, simply working a bit longer or taking a closer look at spending can make a very big difference. One rule heard often, for example, is that by 67

DERBYSHIRE, ENGLAND – NOVEMBER 25: Labour leader Jeremy Corbyn poses for a selfie with a WASPI … [+] (Women Against State Pension Inequality) campaigner in Renishaw on November 25, 2019 in Derbyshire, England. A day after Prime Minister Boris Johnson launched the Conservative manifesto, Jeremy Corbyn is expected to announce Labour’s housing policy. (Photo by

Getty Images We tend to think of buying a home as a mandatory part of the American dream. But despite the constant messaging telling us to buy, homeownership may be overrated. A lot of people who shop for homes would actually be better off renting.  We tend to overlook the historical factors that made homeownership

The dramatic changes in lifestyle that results from retirement put many at risk of depression. And the go-to solution for those suffering from depression and anxiety are anti-depressants. But have we become too reliant on these medications? Just focusing on those 60 and older, about one in five are using anti-depressants today, and they’re now

null Getty Today we’re going to dive into a corner of the market where 6%+ dividends are everywhere. What’s more, the funds behind these payouts have crushed the S&P 500 for decades—even during the financial crisis. I’ll also introduce you to a specific fund that’s throwing off a 6.7% payout every month, and should be

By M.E. Chidiac, Next Avenue Contributor Getty “Hello, this is Medicare calling. Your coverage is about to be cancelled.” This type of fraudulent call and others like it happen every day. According to AARP, Medicare fraud losses hit $60 billion in 2017 and continue to rise. And Medicare scammers seem to come out of the woodwork

Mixed messages coming from the stock and bond markets. Getty As we approach the end of the year and the decade, we have a significant divergence of opinion in the bond and stock markets about the economic conditions of the US and global economy. The bond market warning sirens had gone off earlier this year,

Getty Once again, the CDC has released figures on the fertility rate in the United States. Once again, the figures show an all-time low. In May, the CDC released its provisional 2018 rates, with a total fertility rate of 1.728 births per woman. On Wednesday, the CDC released its final rate, at 1.730, a decline

Inspirational speaker on stage Getty Recently I had the DIS-pleasure of sitting through an invitation-only panel discussion on a topic I was quite excited about. I was attending a very large conference focused on the senior housing industry. The meeting was billed as a state-of-technology breakfast and was sponsored by a company that develops creative

They are sobering statistics. According to the National Institute of Deafness and Other Communication Disorders (NIDCD) age is the strongest predictor of hearing loss among adults aged 20-69, with the greatest amount of hearing loss in the 60 to 69 age group. And nearly 25 percent of adults in America aged 65 to 74 and

When Sam Dogen, creator of the popular Financial Samurai blog, first stepped away from the job at 34, he imagined he had finished his days as a working stiff. He built passive income streams that would fund much of his life and he had received a nice severance from his day-job in order to make

Getty Very slowly but surely, estate planning law is catching up to modern technology. The latest development paves the way for electronic wills in most states. An electronic will, or e-will, is one that recognizes the traditional formalities of a will when they’re in an electronic format. An e- will can be written in an

A monitor displays Charles Schwab Corp. signage on the floor of the New York Stock Exchange (NYSE) … [+] in New York in a file photo. Schwab released a study saying only 41% of the people receiving equity compensation have sold of their stock. Photographer: Michael Nagle/Bloomberg © 2017 Bloomberg Finance LP Participants in equity

Blue Origin founder Jeff Bezos speaks after receiving the 2019 International Astronautical … [+] Federation (IAF) Excellence in Industry Award during the the 70th International Astronautical Congress at the Walter E. Washington Convention Center in Washington, DC on October 22, 2019. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP

I can remember pulling onto my grandparents’ farm about 15 miles west of Council Grove, Kansas on Thanksgiving Day in the backseat of my dad’s 1969 Delta 88 Oldsmobile. The dirt roads that led there were—and still are—rutted from the wagons that rolled along that portion of the 900 miles of Great Plains that connected

While the viral “Ok, Boomer” catchphrase seems to connote a disconnect between baby boomers and millennials and Gen Zs, there is one area that is impacting just about every age group—caregiving. Indeed caregiving is a universal issue: no matter who you are, you’ve needed care, if only as an infant. And chances are if you

Economic Security Planning, Inc. Today’s column addresses questions about the best time to file, lump sum payments and benefit rates, earnings after 70, when public pensions affect benefits and calculating benefit amounts. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, a company that